Time Clock, Jul. 30, 1956

SOIL BANK plan to cut surplus in six basic crops (corn, cotton, wheat, tobacco, rice, peanuts) is off to slow start. Agriculture Department reports that farmers have signed up to take only 2,000,000 acres out of production at cost to Government of $37 million for this year's bank. Goal for next year is 8 million to 15 million acres in bank, with long-term target of 25 million acres annually.

RENEGOTIATION LAW on defense contracts will be extended for two years and liberalized to help small contractors. House has passed and Senate is expected to...

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